Proposed IIT Reform https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform Proposed IIT Reform - GoKunming Forum Sun, 08 Dec 2019 15:05:15 +0800 Proposed IIT Reform - Post by Geezer https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-100728 China: Proposed individual income tax reform — the most significant revamp in 38 years.

https://www.gmsasia.pwc.com/en/ias/china-iit-most-significant-revamp-38-years-jul2018.pdf

The key changes that may affect individuals and/or companies in the global mobility arena include:
•…
Thu, 19 Jul 2018 13:54:06 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-100728
Proposed IIT Reform - Post by JanJal https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-100730 Thanks!

I hope they don't meddle with the 5 year rule for foreigners to become taxable on word-wide income, even if they decrease the annual threshold to be considered tax resident.…
Thu, 19 Jul 2018 14:17:13 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-100730
Proposed IIT Reform - Post by Geezer https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-100735 More information here:

https://home.kpmg.com/cn/en/home/insights/2018/06/china-tax-alert-14.html

Search: china IIT reform

The current 5 year rule is manageable to avoid China domicile but I could not find any mention it would be retained or changed.…
Thu, 19 Jul 2018 15:55:46 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-100735
Proposed IIT Reform - Post by Geezer https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101750 More information on the IIT reform 2018:

"China's IIT Reform Nailed Down..."

https://www.pwccn.com/en/china-tax-news/2018q3/chinatax-news-sep2018-26.pdf

Five pages of, what I would call dense, reading. Good luck!…
Wed, 19 Sep 2018 23:37:29 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101750
Proposed IIT Reform - Post by alienew https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101751 Is this a good idea or a bad idea? Why?… Wed, 19 Sep 2018 23:52:59 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101751 Proposed IIT Reform - Post by Geezer https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101752 "Is this a good idea or a bad idea?" Kind of a dumb question. It is a change in China's tax law which must be complied with. This reform is entirely within the right… Thu, 20 Sep 2018 01:01:09 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101752 Proposed IIT Reform - Post by rejected_goods https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101753 http://www.china-tax.net/china-tax/special-tax-treatments-applications/individual-income-tax-2.html

given the piggybank of the social security in China is drying out, money, money, money...........…
Thu, 20 Sep 2018 04:56:55 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101753
Proposed IIT Reform - Post by alienew https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101762 @rejected goods: I'm not sure this is going to Chinese social security, but maybe. Is Chinese social security piggybank in fact 'drying out' (? you mean 'up', right?… Thu, 20 Sep 2018 10:10:59 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=5#post-101762 Proposed IIT Reform - Post by rejected_goods https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=4#post-101781 both. drying up and drying out.

people are abusing the system. city people are abusing the system. they are buying luxury good on their "medicare" account for example. if you can read Chinese, you would…
Thu, 20 Sep 2018 12:16:39 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=4#post-101781
Proposed IIT Reform - Post by alienew https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=4#post-101782 @rejected: yeah, I understand that some people cheat, but do you mean it's good or necessary to nail down taxation? Anyway, is this social security the most important destination for cash from these proposed reformed… Thu, 20 Sep 2018 12:22:47 +0800 https://www.gokunming.com/en/forums/thread/14835/proposed-iit-reform?page=4#post-101782